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Fashion Brands Relocate to 5 Penn Plaza

A pair of apparel brands are moving to 5 Penn Plaza in the fourth quarter. Sports-performance Puma is relocating its headquarters from 209 W. 38th St., and will also open an expanded sales office and showroom within the space; while online clothing subscription service Gwynnie Bee is also slated to occupy its 5 Penn space in Q4.

Both tenants have committed to full-floor leases of 28,977 square feet apiece. Both will move into pre-built space designed by Gensler.

CBRE’s Peter Turchin said the two new deals attest to “the diversity of the tenant base at Five Penn Plaza, and to the direction that building ownership continues to move in attracting top-tier companies to the property.” Along with his colleagues Jason Pollen and David Caperna, Turchin represented building owner Haymes Investment Co.

JLL’s Bob Gibson, Jim Wenk and Kirill Azovtsev represented Puma. NKF’s Robin Fisher and Christie Bennett represented Gwynnie Bee.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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